Bitcoin: historical price bottom
"When price reverts to the mean, that's where 100% of the time Bitcoin has bottomed."
ℹ️ In shortAltcoin Daily states that historically, Bitcoin has always reached its lowest price when its value returned to the average.
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… And also like we did in four out of four literally every single bare market in Bitcoin's history, the 200 week moving average, that was the time to buy. And it may not be the exact bottom, right? Bitcoin could get more undervalued. It could become a better buying opportunity. We could spend a couple weeks down another 10%, down another 20%. When price reverts to the mean, that's where 100% of the time Bitcoin has bottomed. Combine that with the mega trend. The mega trend being what is the value of absolute digital scarcity in a world where the US debt is out of control. I mean literally the federal debt to GDP ratio is over 120%. That we've never seen that before. We can't control the amount of debt we have to pay. The answers are you either default on it. That mean …
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